Compliance will be a Major Factor in Cybersecurity in 2024
New this month, the Securities and Exchange Commission (SEC) is requiring organizations to disclose material cybersecurity incidents within four business days. The SEC is interested in material cybersecurity incidents but thus far, there has not been any language around what exactly that means. This is intended as an important safeguard for all publicly traded companies that have seen security breaches in the past.
In March 2024, we are going to see PCI Data Security Standard (DSS) 4.0 go into effect. PCI DSS is the global standard for protecting payment card account data. It is not only necessary for merchant processing payment cards but is sets a baseline for technical and operational requirements that help serve as a cybersecurity blueprint. If your business has worked with PCI DSS before, it will not surprise you to learn that 4.0 standard may be a months-long process. It is designed to have every step on the compliance journey improve data protection and safeguard e-commerce.
Staying current with cybersecurity is an ongoing and tough task, as it requires both diligence and big-picture thinking. Regulatory compliance can lay the groundwork for your cybersecurity strategy, and understanding what factors can affect your plan can help you adapt and evolve. Once you have your regulatory compliance roadmap in place, ensuring you are adhering to federal compliances, you can expand and build out your complete cybersecurity plan from there.
You should expect more updates to regulatory standards coming throughout 2024, so it is important to stay diligent and knowledgeable in all the changes. Do not panic though! The team at 2W Tech can help you manage your cybersecurity and ensure your regulatory compliances are on track. Give us a call today!
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